Neighborhood: Hollywood Park, Hollywood East (3010-3050)
Tax Amount: $5,640
Excellent Location, the property has 3 units Front unit 3 bed/1 bath leased $ 2,200/month RENOVATED, NEW KITCHEN, NEW BATHROOM , NEW FLOORING, 2nd unit 2 bed/1 bath rented for $ 1,350 month to month plus 1 large efficiency rented for $ 950 month to month.
The property is centrally located close to the beach and major roads. The property has 2 electric meters and 1 water meter, tenants pay electric, landlord pays water and landscaping.
INCOME $ 54,000, NOI $ 43,260, CAP RATE 7,
POTENTIAL INCOME $67,200, POTENTIAL NOI $ 56,460, POTENTIAL CAP RATE 9